SGD/CAD: what to know
The SGD/CAD rate shows how much CAD you get for 1 SGD. Right now, 1 SGD buys 1.0947 CAD at the mid-market rate. In the other direction, 1 CAD is worth 0.9135 SGD.
In the short term SGD is driven mainly by the MAS-managed currency basket, while CAD responds to oil prices and the US economy.
The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par. The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”.
Over the past 12 months the SGD/CAD rate has ranged between 1.0601 and 1.1031 — a change of +1.10% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.